Key Gold Headlines

It’s Going to Be a Rush to Gold; The Dollar Is Cooked

On Wednesday, Congress finally agreed on a government stimulus/bailout plan to battle the economic impacts of coronavirus to the tune of over $2 trillion. Meanwhile, the Federal Reserve has committed to monetize the debt with QE to infinity. Practically speaking, we’re talking about trillions of dollars being injected into the US economy – all of …

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Can Trump Deliver on Economic Promises?

Today is the 139th day that the Republican Congress has not repealed nor replaced Obamacare. In fact, Congress hasn’t moved forward in any substantive way on any of Pres. Trump’s ambitious economic agenda. There is no sign of tax reform. No sign of significant regulatory reform. No infrastructure spending bill. And of course, we still …

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What Can We Learn from Japanese Gangsters?

If government regulations are squeezing your business, and you want to avoid the risk inherent in the mainstream financial system, what do you do? Buy gold! This is true even if your business is – shall we say – not completely above board. In fact, Japanese organized crime is reportedly turning to gold as its …

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Gold Imports into China and India Surge

Gold is flowing into India and China, as demand for the yellow metal in the world’s two largest markets continues to boom. Gold imports into India surged once again in May, building on strong March and April numbers. Increasing imports signal a continued rebound in demand for the precious metal in the world’s second-largest market …

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India Announces Lower Than Expected Gold Tax Rate

The Indian government set the tax rate for gold under the uniform goods and services tax lower than expected, sending a wave of optimism through the country’s gold and jewelry dealers. Analysts say the lower rate signals a potential recovery in demand for the yellow metal in the world’s second-largest market. According to a Bloomberg …

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CPI Numbers Show Inflation Already Beyond Fed’s Benchmark

In Peter Schiff’s latest podcast, he looks at the Consumer Price Index and retail sales reports released last week. The economic data came during Janet Yellen’s report to congress where the chairwoman’s testimony brought on a new wave of optimism in the markets that interest rate hikes would be coming sooner than last year’s cycle …

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Day 28: Brazen Trump Inspires Murky Global Markets

Yellen spoke to congress this week, and her remarks about the new Commander in Chief could be foreshadowing an upcoming battle between the Fed’s goals and Trump’s plan to weaken the dollar. The President also made amends with China’s President Xi Jinping, but has new problems to deal with as other foreign governments shed their …

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